Wow, you guys took a $200,000 haircut! Not $150K. Geez, add that with the scarlet letter of being a mello roos property, which will add $100K on the lowball offer, and you have lost $300K on your home overnight. I suppose you want home developers to continue funding your extremely bad decison to buy at the peak of the mother of all housing bubbles! In two years, your property will have a 50% haircut, and you’ll be a renter again, with a little less money, and a screwed up credit record. Just because you did not want to miss the train. It was a great time to buy….for the developer, the salespersons, the loan officers, and the constuction dudes. Too bad you didn’t stop and think ” Gee, how can people on an average income afford today’s prices. Maybe I should look at historical income/home prices ratios to determine if a home is overpriced.” You probably thought building land was running out, and that the Oxnard area is very, very special. Well, OOPS. Hey someone bought Yahoo at $120, $100, $90, $80………… So welcome to the real world again…. Homeowners. Pull up a chair, grab a beer, and our complementary popcorn. We’ll give you a big hug right after we give you a slap behind the head. YOU BONEHEADS!
